An Oakland man who served as his business’ anti-money laundering compliance officer was sentenced Wednesday to one year in prison for money laundering, the U.S. Attorney’s Office announced.
Jose Luis Garcia, 57, pleaded guilty in September to one count of conspiracy to commit money laundering, the U.S. Attorney’s Office said. Along with his wife, Garcia co-owns Envios Express on International Boulevard, a money transmitting business that contracts with national wire service companies.
As a contractor, Garcia completed annual anti-money laundering training sessions and agreed to make sure his business’ wire transfers complied with federal reporting requirements. But instead of fulfilling his duties, he took steps to evade those requirements, federal prosecutors said…